Our "DC" variac looks just like an AC variac but it only has two banana jacks for outputs. It outputs DC voltage, so I'm assuming it simply has a rectifier and some smoothing caps inside. I guess I could take it apart really quick if I wanted to.
EDIT: Our "DC" variacs are simply AC variacs (obviously) with a single high power rectifier. (MDA2504) Now I really want to measure the ripple on them. I have a sneaky suspicion that these variacs are homebrew (lab-brew?) jobs.